Documents Needed for a Real Estate Short Sale
Documentation Needed For a Real Estate Short Sale
Realtor:
- Letter of Authorization (signed by seller)
- Letter of facts about the property
- Market analysis
- Photo’s (not the glamour shots)
- Copy of all showings with dates and feedback
- Copy of Listing Contract
- Copy of Purchase Contract (if applicable)
- Review letter of hardship
- Send to Loss Mitigation Department
Seller:
- Two years tax returns with W’2s
- Three months bank statements
- Current monthly budget
- All mortgages with account numbers
- Any pending bankruptcy
- Hardship letter (make them cry)
- Last 30 days pay stubs (if applicable
We handle short sales in San Diego County. Call today to discuss your options and the possible ways to avoid foreclosure.
March 9th, 2008 at 5:24 pm
This is great information. With so many short salse – especially in our state of Colorado. Evergreen Colorado (where we are) is not hit so hard but the rest of Colorado is for sure. Thanks for the great info!
May 30th, 2008 at 3:14 pm
I don’t know about San Diego, but in Cape Cod, MA, short sales are be done all over the place and investors are eating them up so they can just rent the homes out to tourists. BTW – nice post for those that are unfamiliar with the short sale.
July 6th, 2008 at 3:04 pm
I have been looking for this short sale list, I totally forgot about Hardship letter needed by the seller. Thanks for the info !
Steve
January 13th, 2009 at 6:58 pm
This is great info that I could pass along to my clients that are interested in these short sales.